Homes for sale - 2900 S FM 225, Henderson, TX 75654

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Deanna Parnell

deanna@ddparnell.com +1(469) 258-4770

$6,200,000

Est. payment - /mo

80 Beds

3 Baths

68,920 SqFt

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UPDATED:

12/29/2024 05:47 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 68,920 sqft

Price per Sqft $89

MLS Listing ID 24016598

Bedrooms 80

Year Built 1982

Annual Tax Amount $109,207

Tax Year 2023

Lot Size 12.000 Acres

Acres 12.0

Property Description

Outstanding Investment Potential! Welcome to Southern Hills Duplex Apartments, a lucrative investment opportunity where comfortable and convenient living come together. This multi-family apartment community offers an attractive living experience on the outskirts of Henderson TX. With a variety of floorplans, this duplex apartment community offers 1, 2, and 3 bedroom layouts; with the making up of 80 livable units, an onsite leasing office, laundry facility, maintenance shop and several storage areas throughout the community. An excellent location, situated on 10-1/2 landscaped acres and a peaceful country setting, you are just minutes away from shopping and dining, making a daily commute a breeze. As an upside potential, there is room for rent increases and the possibilities of value-add opportunities, an investment with the likelihood for increased returns. For the duration of the past 10 years, the property has been professionally managed, ensuring tenants' satisfaction and property upkeep, with preventative maintenance performed as well as prompt attention to all work order repairs asked of the tenants; minimizing capital expenditures for the new owner. Each of the 42 buildings had new roofs replaced in June 2023, with a 20 year shingle and comes with a transferrable warranty to the new owner. This multi-family duplex community represents a fantastic investment opportunity with a history of strong financial performance and extended stay tenants. Whether you are an experienced investor or new to real estate, this property offers a secure and rewarding venture. Call today to schedule your private showing. Seller has a current survey on file for each address. 2902 FM 225 S, is the adjacent lot, offering an additional 1.5 acres, for a total of 12 acres for the new buyer. The vacant lot has utilities in place and room to build additional rentals or add amenities if desired. The lot is currently zoned multi-family.

Location

State TX

County Rusk

Zoning Multi Fam Dwelling 2 ½ St

Interior

Interior Features Ceiling Fan, Cable TV, Blinds, Smoke Alarm

Heating Central Electric

Cooling Central Electric

Flooring Vinyl Plank

Fireplaces Type None

Equipment Range/Oven-Electric, Free Standing Range, Pantry, Refrigerator

Exterior

Exterior Feature Patio Covered, Porch

Fence Chain Link Fence, Partial Fence, Wood Fence

View Y/N No

Roof Type Composition

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories 1 Story

Schools

Elementary Schools West Rusk

Middle Schools West Rusk

High Schools West Rusk

Others

Acceptable Financing Assumption, Cash, Conventional, Must Qualify

Listing Terms Assumption, Cash, Conventional, Must Qualify

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Listed by Kelly Hale • Texas Real Estate Executives-Gladewater

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Deanna Parnell

+1(469) 258-4770

Agent | License ID: 0482811

Agent License ID: 0482811

2900 S FM 225 Henderson, TX 75654

Deanna Parnell

Key Details

Location

Interior

Exterior

Building

Schools

Others

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